Virgin Radio's new owner: Times of India

- Times of India Group is acquiring Virgin Radio through subsidiary TIML Golden Square, which will run the radio station alongside its Absolute Radio business. The deal is Times of India's first radio venture outside of its own market

- Times of India is one of India's biggest media conglomerates with interests in print, TV, radio, internet and events, managing some of India's biggest media brands including Top Gear, Grazia, The Times of India, the world's most circulated English broadsheet daily newspaper, and The Economic Times, the highest circulation financial daily newspaper in India

- It also operates Radio Mirchi, a 32-station commercial radio network broadcasting in 10 languages across India, claiming more than 40 million listeners, and Indiatimes.com, an internet portal with more than one billion monthly page views

- Beyond radio and print, Times of India operates an English language news channel in India and Times OOH, an Indian out-of-home advertising company

- The company is owned by Bennett, Coleman & Co, one of the largest media investors in India

- Bennett, Coleman & Co is partly owned by the Sahu Jain family, one of India's most prominent families

- Absolute Radio owns Jack FM, Juice FM and FM 107.9 in the UK, and has radio businesses in the US, Germany, Ireland, Hungary, Czech Republic and South Africa.

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